Delaware Business Insurance Update from CNC Insurance Associates 2-12-13

Delaware Construction Jobs Fall in 2012

According to a report from the Associated General Contractors of America, Delaware  lost 1,100 construction jobs in 2012. Furthermore, these numbers indicate a decline of over 5% according to numbers posted for 2011. While other states have seen far worse, Delaware's numbers for construction related jobs rank low in comparison with this decline. While multiple factors may be driving this down swing, the lack of state/federally funded infrastructure projects, new tax laws, rise in workers compensation costs and even out of state job opportunities, have to be considered as adversely impacting those jobless numbers as well. As 2013 begins, we can only watch and wait to see if there will be any improvement. Unfortunately, the possibility of those numbers rebounding dramatically for 2013 are highly unlikely. Well, until next time, be careful out there and know your risks.

G. Kevin Nemith
President, CNC Insurance

Proudly serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey.

www.cncinsurance.com
www.bizinsurancetv.org

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